Accounting, Economics, Finance and Business Administration

We all know that today's global markets are unsustainable and global governance is not effective enough. Given this situation, could one boost smart human coordination, sustainability and resilience by tweaking society at its core: the monetary system? What if communities could reward sustainable actions by issuing their own money ("tokens")?

Capital and the Common Good shows how market failure in one context can be solved with market solutions from another: an expert in securitization bundles future development aid into bonds to pay for vaccines today; an entrepreneur turns a mobile phone into an array of financial services for the unbanked; and policy makers adapt pay-for-success models from the world of infrastructure to human services like early childhood education, maternal health, and job training. When it works, innovative finance gives us the tools, motivation, and security to invest in our shared future.